Commercial Building with Showroom
500 Kelsey Ave Muscle Shoals, AL 35661
500 Kelsey Ave, Muscle Shoals, AL, 35661
$449,900
For Sale
$449,900
COMMERCIAL - Muscle Shoals, AL
Property Size3,660 SF
Lot Size0.33 Acres
Price / SF$122.92
Days on Market86
Property Features for 500 Kelsey Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 00 Commercial
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3
- Standard status
- Active
- APN
- 0707352004001003
- Size
- 3,660 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LOTS 329 THRU 331 HIGHLAND PARK #1 120 X 120 /DB 2004-13 PG 468
- Tax Annual Amount
- 2167
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 2000
Listing Agency
EXIT River City Realty
(256) 284-7781
4221 Huntsville Rd, Florence, AL
Listed by
Jackie C Wallace · License #0000736650
(256) 284-7781
Added: Apr 23 Checked: Jul 17 at 1:06 pm
MLS# 528472
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building is built on a concrete slab and offers a layout with lots of showroom or office space. The space includes three restrooms and a kitchen area, supporting everyday operations for a wide range of business uses.
The property is located at 500 Kelsey Ave in Muscle Shoals, Alabama, in Colbert County. It is zoned for commercial use.
With its combination of multiple rooms suited to either showroom or office functions and essential back-of-house features, the building provides a practical footprint for an owner-occupant or business seeking flexible space within a single property.
The property is located at 500 Kelsey Ave in Muscle Shoals, Alabama, in Colbert County. It is zoned for commercial use.
With its combination of multiple rooms suited to either showroom or office functions and essential back-of-house features, the building provides a practical footprint for an owner-occupant or business seeking flexible space within a single property.
Key Highlights
- Commercial building built in 2000 on a concrete slab
- Lots of showroom or office space, plus a kitchen area
- Includes 3 restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $14.04 |
| − Vacancy | −$11.3k | −$3.09 |
| EGI | $40.1k | $10.95 |
| − OpEx | −$10.0k | −$2.74 |
| NOI | $30.1k | $8.21 |
3,660 SF · lease $14.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$429.4K
$375.8K – $501.0K
NOI $30,061 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Just Kids Child ...
Daycare Center
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FAQs
What type of property is this?
Office building - Concrete-slab commercial building with showroom or office space, three restrooms, and a kitchen area.
Where is this office building located?
The property is located at 500 Kelsey Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Commercial building built in 2000 on a concrete slab; Lots of showroom or office space, plus a kitchen area; Includes 3 restrooms
